Inspire Medical Systems (NYSE: INSP) reported third-quarter revenue that missed the Wall Street analysts consensus. However, the Minneapolis-based implantable sleep therapy device company also upped its full-year guidance. Investors appeared to focus on the downside after Inspire’s Q3 earnings report yesterday evening. By midday trading today, INSP shares were down more than 16% to $134.90 […]
MassDevice Earnings Roundup
ICU Medical stock falls on Q3 revenue miss
ICU Medical stock is down today after a third-quarter earnings report that included a revenue miss. ICUI shares were down more than 15% to $86.68 apiece by midday trading today. MassDevice‘s MedTech 100 Index was down slightly. San Clemente, California–based ICU Medical — maker of infusion systems, infusion consumables and critical care products — announced […]
Enovis beats The Street in Q3 results, double-digit growth for reconstructive business
Enovis (NYSE:ENOV) today announced Q3 results that beat the overall consensus on Wall Street. The Wilmington, Delaware-based orthopedics company reported profit losses of $2.8 million, or -36¢ per share, on sales of $417.5 million, for the three months ended September 29. Sales were up 8.78% compared with Q3 2022 and profits were up from the $66.5 […]
Zimmer Biomet stock dips on lowered sales guidance despite Q3 beats
Zimmer Biomet shares fell today on third-quarter results that came in ahead of the consensus forecast. Shares of ZBH were down 3.1% at $105.93 apiece in early-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — fell slightly. The Warsaw, Indiana–based orthopedic giant posted profits of […]
Insulet stock soars on Q3 results, Dexcom G7 integration planned for early 2024
Insulet shares got a boost from third-quarter results that came in ahead of the consensus forecast. Shares of PODD were up more than 16% at $162.94 near the end of trading today — a day after the company released results after market close. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest […]
iRhythm grows sales by 20% in mixed Q3, offers positive FDA warning letter update
iRhythm Technologies shares ticked up today on third-quarter results that came in mixed compared to the consensus forecast. Shares of IRTC rose 4.4% at $82.66 apiece in mid-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — ticked up 1.7%. The San Francisco-based cardiac monitoring technology […]
Stryker beats The Street in Q3, CEO Lobo allays GLP-1 fears
Stryker shares fell slightly this morning on third-quarter results that topped the consensus forecast. Shares of SYK dipped 1.8% at $273.22 apiece in early-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 1.4%. The Kalamazoo, Michigan-based company posted profits of $692 million, equaling $1.80 […]
Teleflex stock soars on Street-beating Q3, raised guidance
Teleflex shares received a big boost today on third-quarter results that came in ahead of the consensus forecast. Shares of TFX rose more than 10% to $206.33 apiece in mid-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — ticked up slightly. The Wayne, Pennsylvania-based company […]
Baxter completes biopharma divestiture, Q3 results fall in line with Wall Street expectations
Baxter shares ticked up today on third-quarter results that came in even with the consensus forecast. Shares of BAX were up 1.6% at $33.30 apiece in mid-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose slightly. The Deerfield, Illinois-based company posted profits of $2.51 […]
ZimVie beats The Street in Q3, ups back end of guidance
ZimVie shares ticked up this morning on third-quarter results that topped the consensus forecast. Shares of ZIMV rose 1% at $6.80 apiece just after the market opened today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — ticked up 1.1%. The (LOCATION)-based company posted losses of $5.1 million […]
Tandem stock sinks after hours on Q3 misses, lowered guidance
Tandem Diabetes Care (Nasdaq:TNDM) shares took a massive hit after hours today on third-quarter results that missed the consensus forecast. Shares of TNDM fell nearly 20% at $14.27 apiece after the market closed today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — closed the day up 1.1%. The […]